The Bank of Thailand has summoned foreign exchange dealers to meet on Thursday to discuss the baht’s rapid gain, which it does not consider to be in line with the country’s fragile economy. The discussion could focus on the baht’s reversal to a top performer in Asia from the weakest over the first four months, […]
Read MoreThe number of retail investors is rising as a result of growing awareness about the importance of investing, despite the market consensus that volatility will continue amid the COVID-19 pandemic. Mandiri Sekuritas, the country’s most active brokerage house by transaction value, booked 11,000 new customers in the retail segment during the first four months of […]
Read MoreMANILA, Philippines — The government is bent on capturing the digital economy into the country’s value-added tax (VAT) base even as the international community has not yet agreed on the taxation of cross-border digital transactions, according to the Department of Finance (DOF). In a text message to reporters, Finance Secretary Carlos Dominguez said the Philippines […]
Read MoreKUALA LUMPUR, June 4 — The Covid-19 pandemic, which has caused major disruptions to the global supply chain, has dragged Malaysia to record a trade deficit of RM3.5 billion in April 2020, after 269 consecutive months of surplus on account of higher contraction in exports compared to imports. During the reviewed month, exports contracted by 23.8 per cent […]
Read MoreThe government is speeding up the tourism development plan for the country’s west, northwest provinces and around the Tonle Sap River, according to the Ministry of Tourism. The ministry said a discussion about a tourism road map book in the region was made during a meeting on Tuesday in Banteay Meanchey province with participants from […]
Read MoreThe Hanoitimes – Greater attention should be on the potential impact of the rapid monetary expansion on inflation and the deepening of the fiscal deficit caused by under-performing tax collection. While the Vietnamese economy has reacted quickly to the easing of domestic restrictions by recording a 10% increase in manufacturing and retails sales during May, yet, […]
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